Masco NewsenKim_Cook@mascohq.comCopyright 20172017-09-22T13:16:43+00:00Masco Corporation Declares Quarterly Dividendhttp://m.masco.com/news/news-stream/masco-corporation-declares-quarterly-dividend23
http://m.masco.com/news/news-stream/masco-corporation-declares-quarterly-dividend23#When:13:16:43ZLivonia, Mich. (September 22, 2017) — Masco Corporation (NYSE: MAS) announced that its Board of Directors declared a quarterly dividend of $.105 per common share, payable on November 13, 2017, to shareholders of record on October 13, 2017.

Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit masco.com.

]]>
Investor Relations, Masco News, Press Releases,2017-09-22T13:16:43+00:00Milgard Windows Aid in ABC Green Home Gold Nugget Award Winhttp://m.masco.com/news/news-stream/milgard-windows-aid-in-abc-green-home-gold-nugget-award-win
http://m.masco.com/news/news-stream/milgard-windows-aid-in-abc-green-home-gold-nugget-award-win#When:15:55:21ZTacoma, Wash. (Sept 12th, 2017) – The ABC Green Home 3.0 won the Gold Nugget Award for Best Zero-Net Energy Design in an Orange County, California home that was designed using Milgard® energy efficient vinyl windows.

The Gold Nugget Award is a prestigious, national competition in its 54th year, honoring design and planning achievements in community and home design, green-built housing, site planning, commercial, retail, mixed-use development and specialty housing categories.

For a home to be categorized as Net-Zero-Energy, it should generate more energy than in consumes and contribute less to overall greenhouse gases in the atmosphere. The goal of the ABC Green Home was to achieve a Net-Zero home that could also serve as an educational tool to instruct and inspire engineers, builders and architects on the fundamentals of high performance home building.

The builder installed Milgard® Style Line® Series vinyl windows for their ability to meet strict energy efficiency requirements in California. The windows significantly contributed to the R-values needed to resist heat transfer and comply with the Net-Zero standards set for the project.

“We’re proud to manufacture energy efficient windows and patio doors,” said Kevin Vilhauer, Engineering Manager for Windows at Milgard. “Our products are independently tested and certified by the National Fenestration Rating Council to conform to their standards.”

To learn more about Milgard energy efficient windows and patio doors, visit: milgard.com/learn/energy-efficient-windows

About Milgard Windows & Doors
Milgard Windows & Doors, a Masco company based in Tacoma, Washington, offers a full line of vinyl, wood, fiberglass and aluminum windows and patio doors for builders, dealers and homeowners, backed by a Full Lifetime Warranty, including parts and labor. The company has been recognized as Builders Choice for vinyl and fiberglass windows in the Western United States, in a yearly survey sponsored by Hanley-Wood Inc., publishers of BUILDER Magazine. Milgard is the highest online rated window and patio door brand, as measured by the 2016 NRS consumer sentiment study conducted by MetrixLab and commissioned by Masco. Milgard has approximately 3,800 dealer locations nationwide. For more information, visit milgard.com or call 1.800.MILGARD.

About Masco Corporation
Masco Corporation (NYSE: MAS), parent company of Milgard Windows & Doors, is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit Masco.com.

Masco Corporation’s presentation will be webcast live under the Investor Relations section of the Company’s website at www.masco.com.

A replay of the webcast will be available via Masco’s website.

Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders.

Masco Corporation’s press releases and other information are available under the Investor Relations section of Masco's website at www.masco.com.

The Milgard team spent a Saturday working together at The Woods at Golden Given, which is Tacoma/Pierce County Habitat for Humanity's largest neighborhood to date. Homes in this community are sold by Habitat to partner families who do “sweat-equity” hours working alongside volunteers to help build their home and those of their neighbors. Milgard volunteers installed window screens, laid bathroom tiles, hung doors and added trim. They also worked outside on laying sod, weeding and digging fence post holes.

“My son and I had a great day taking part of this amazing project of building a home,” said Jennifer Reed, Recruiting & Talent Management for Milgard. “The staff who trained us to do the work were patient and did a great job of showing us what to do. We learned how to lay tile like a professional! I enjoyed seeing my son develop confidence in learning new skills as well as being part of the community.”

Milgard has provided sponsorships and participated in Habitat Build Day projects since 2012. Milgard® Style Line® Series vinyl windows were used at The Woods at Golden Given due to their ENERGY STAR certification, durability and low maintenance requirements.

“A big thank-you to our long-time supporters from Milgard for spending time with us,” said Sami Head, Habitat Community Engagement Coordinator. “We love any ‘window’ of opportunity to work with them.”

About Milgard Windows & Doors
Milgard Windows & Doors, a Masco company based in Tacoma, Washington, offers a full line of vinyl, wood, fiberglass and aluminum windows and patio doors for builders, dealers and homeowners, backed by a Full Lifetime Warranty, including parts and labor. The company has been recognized as Builders Choice for vinyl and fiberglass windows in the Western United States, in a yearly survey sponsored by Hanley-Wood Inc., publishers of BUILDER Magazine. Milgard is the highest online rated window and patio door brand, as measured by the 2016 NRS consumer sentiment study conducted by MetrixLab and commissioned by Masco. Milgard has approximately 3,800 dealer locations nationwide. For more information, visit milgard.com or call 1.800.MILGARD.

About Masco Corporation
Masco Corporation (NYSE: MAS), parent company of Milgard Windows & Doors, is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit Masco.com.

About Tacoma/Pierce County Habitat for Humanity
Tacoma/Pierce County Habitat for Humanity is a non-profit 501(c)(3) organization that works with low-income families in Pierce County to build and own simple, decent, affordable homes. Partnering with a variety of corporate, community, and faith-based organizations, as well as numerous individual volunteers, Tacoma/Pierce County Habitat for Humanity develops affordable communities of both rehabbed and new construction housing.

]]>
Community Interest, Corporate Responsibility, Milgard Windows and Doors, Press Releases,2017-08-09T18:20:30+00:00Milgard and World Vision Provide Essential School Supplies to Teachershttp://m.masco.com/news/news-stream/milgard-and-world-vision-provide-essential-school-supplies-to-teachers
http://m.masco.com/news/news-stream/milgard-and-world-vision-provide-essential-school-supplies-to-teachers#When:13:16:51ZTacoma, Wash. (Aug 1st, 2017) – Milgard Windows & Doors provided a $25,000 donation to World Vision, a Christian humanitarian organization dedicated to working with children and families tackling poverty and injustice, to support their Teacher Resource Center (TRC) program.

Over 32 school districts in the Pacific Northwest are served by the World Vision TRC program. Essential school supplies, such as backpacks, notebooks, binders, pencils, scissors and glue, are provided to the local area teachers to support poverty stricken students whose families are unable to purchase these necessities on their own.

“World Vision is near and dear to me because of their far reaching support of the neediest in our community and the world,” said Kim Mauro, Executive Assistant at Milgard. “World Vision is a great partnership for Milgard since they share our value of taking care of the less fortunate in Pierce County.”

“World Vision is so thankful for partners like Milgard who are invested in their local communities,” said Reed Slattery, National GIK Program Director for World Vision. “This amazing donation will allow us to provide thousands of teachers and students with much needed school supplies right here in Pierce and King Counties.”

This donation helps to lay the groundwork for success in the classroom at a local level. The children now have the opportunity to focus more on learning and less on securing the tools they need at school on a daily basis.

About Milgard Windows & Doors
Milgard Windows & Doors, a Masco company based in Tacoma, Washington, offers a full line of vinyl, wood, fiberglass and aluminum windows and patio doors for builders, dealers and homeowners, backed by a Full Lifetime Warranty, including parts and labor. The company has been recognized as Builders Choice for vinyl and fiberglass windows in the Western United States, in a yearly survey sponsored by Hanley-Wood Inc., publishers of BUILDER Magazine. Milgard is the highest online rated window and patio door brand, as measured by the 2016 NRS consumer sentiment study conducted by MetrixLab and commissioned by Masco. Milgard has approximately 3,800 dealer locations nationwide. For more information, visit milgard.com or call 1.800.MILGARD.

About Masco Corporation
Masco Corporation (NYSE: MAS), parent company of Milgard Windows & Doors, is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit Masco.com.

About World Vision
World Vision is a Christian humanitarian organization dedicated to working with children, families, and their communities worldwide to reach their full potential by tackling the causes of poverty and injustice. World Vision serves all people, regardless of religion, race, ethnicity or gender. For more information, visit worldvision.org.

]]>
Community Interest, Corporate Responsibility, Masco News, Milgard Windows and Doors,2017-08-03T13:16:51+00:00Masco Corporation Relocates Global Headquarters to Livonia, Michiganhttp://m.masco.com/news/news-stream/masco-corporation-relocates-global-headquarters-to-livonia-michigan
http://m.masco.com/news/news-stream/masco-corporation-relocates-global-headquarters-to-livonia-michigan#When:15:01:33ZLivonia, Mich. (July 31, 2017) – Today Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, hosted a ribbon-cutting ceremony to celebrate the opening of its newly-constructed corporate headquarters in Livonia, Mich. Approximately 220 employees recently moved to the 91,220-square-foot facility situated on a 12-acre site between Six and Seven Mile Roads, adjacent to Schoolcraft College.

“I would like to thank everyone involved in this project, both inside and outside of our organization, who supported us in the creation of a brand new workspace customized for Masco,” said Keith Allman, President and CEO. “We are pleased to provide our employees with the modern, comfortable and open office environment expected by today’s workforce, and are excited to start this new chapter in Livonia.”

The Company’s industry-leading brands and award-winning products are featured throughout the building, including vibrant walls finished with Behr® paint; BrassCraft® plumbing products; KraftMaid® cabinets; Delta®, Brizo® and Hansgrohe® faucets and Liberty® bath accessories. The building also features a history room showcasing milestones and artifacts from the Company’s 85+ year history and over 40 conference rooms, both traditional rooms with advanced technology and more modern break-out spaces to encourage informal collaboration.

Employee amenities include a 24-hour state-of-the-art fitness center, adjustable workspaces to allow for work while seated or standing, 24/7 fresh food market and a patio for employees to utilize for outdoor work or relaxation.

Masco moved to Livonia from a 400,000+ square-foot building in Taylor, where the company spent nearly 50 years. The Masco Research and Development Center will remain at 26855 Trolley Industrial Drive in Taylor, Mich.

About Masco
Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit masco.com.

Earnings per share for the quarter grew 9 percent to $0.49 per common share; adjusted earnings per share grew 30 percent to $0.60 per common share

Updating our 2017 earnings per share target range to $1.93 to $2.00 from $1.90 to $2.00 per common share

Board announces intent to increase annual dividend by $0.02 per share to $0.42 per share, beginning in the fourth quarter

LIVONIA, Mich. (July 27, 2017) - Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, reported solid net sales and operating profit growth in the second quarter of 2017.

“We continued to execute on our strategic plan in the second quarter,” said Masco President and CEO, Keith Allman. “Our Plumbing Products and Decorative Architectural Products segments once again delivered strong results, and I am extremely pleased with the progress we have made in our Windows business. In our Cabinetry Products segment, we exited certain lower margin builder business and are now pivoting towards growth. Additionally, we continued our disciplined capital allocation by returning approximately $74 million to shareholders through dividends and share repurchases in the quarter.”

2017 Second Quarter Commentary

On a reported basis, compared to second quarter 2016:

Net sales increased 3 percent to $2.1 billion

In local currency, North American sales and international sales increased 4 percent

Cabinetry Products’ net sales decreased 4 percent (3 percent excluding the impact of foreign currency translation) due to the previously announced exit of lower margin business in the builder channel and lower sales in our United Kingdom cabinet operation

“As we presented during our Investor Day in May, the demand drivers underlying our business are strong and very supportive of continued, long-term growth,” said Allman. “We are confident in our plans to leverage our strong brands, industry leading positions, and our Masco Operating System to capitalize on these robust, long-term demand drivers. We are pleased with our performance this year, and accordingly, we are updating our 2017 earnings per share target to the range of $1.93 to $2.00. Looking forward, we are committed to achieving our 2019 earnings per share target of $2.50 that we introduced at our Investor Day. Reflecting confidence in our plans and Masco’s outlook, our Board of Directors intends to increase our annual dividend by $0.02 per share to $0.42 per share, beginning with the quarterly dividend to be paid in the fourth quarter of 2017.”

About Masco

Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and Hot Spring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.masco.com.

The 2017 second quarter supplemental material, including a presentation in PDF format, is available on Masco’s website at www.masco.com.

Conference Call Details

A conference call regarding items contained in this release is scheduled for Thursday, July 27, 2017 at 8:00 a.m. ET. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing (855) 226-2726 (855-22MASCO) and from outside the U.S. at (706) 679-3614. Please use the conference identification number 36385520. The conference call will be webcast simultaneously and in its entirety through Masco’s website. Shareholders, media representatives and others interested in Masco may participate in the webcast by registering through the Investor Relations section on Masco’s website.

A replay of the call will be available on Masco’s website or by phone by dialing (855) 859-2056 and from outside the U.S. at (404) 537-3406. Please use the conference identification number 36385520. The telephone replay will be available approximately two hours after the end of the call and continue through August 27, 2017.

Safe Harbor Statement

This press release contains statements that reflect our views about our future performance and constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “believe,” “anticipate,” “appear,” “may,” “will,” “should,” “intend,” “plan,” “estimate,” “expect,” “assume,” “seek,” “forecast,” and similar references to future periods. Our views about future performance involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. We caution you against relying on any of these forward-looking statements.

Our future performance may be affected by the levels of home improvement activity and new home construction, our ability to maintain our strong brands and to develop and introduce new and improved products, our ability to maintain our competitive position in our industries, our reliance on key customers, our ability to achieve the anticipated benefits of our strategic initiatives, our ability to improve our under-performing U.S. window business, the cost and availability of raw materials, our dependence on third party suppliers, and risks associated with international operations and global strategies. These and other factors are discussed in detail in Item 1A, “Risk Factors” in our most recent Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and in other filings we make with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Unless required by law, we undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise.

]]>
Investor Relations, Masco News, Press Releases,2017-07-27T12:00:47+00:00Masco Corporation Announces Pricing of Tender Offershttp://m.masco.com/news/news-stream/masco-corporation-announces-pricing-of-tender-offers
http://m.masco.com/news/news-stream/masco-corporation-announces-pricing-of-tender-offers#When:16:18:46ZLivonia, Mich., (June 26, 2017) — Masco Corporation (NYSE: MAS) (“Masco”) announced today the consideration to be paid in the previously announced cash tender offers (the “Tender Offers”) to purchase up to an aggregate purchase price (each, a “Maximum Series Tender Cap”) for each of the four series of notes issued by Masco (the “Notes”) as shown in the table below. Masco previously announced the increase of the Maximum Series Tender Cap for the 6.50% Notes due 2032 as shown in the table below. The Maximum Series Tender Cap for each of the remaining series of Notes remains unchanged.

The Tender Offers are being made pursuant to the terms and conditions set forth in the offer to purchase dated June 12, 2017 (the “Offer to Purchase”).

As of 5:00 p.m., New York City time, on June 23, 2017 (the "Early Tender Date"), as reported by D.F. King & Co., Inc., the tender and information agent for the Tender Offers, the principal amounts of the Notes listed in the table below had been validly tendered and not validly withdrawn. The applicable Reference Yield, Repurchase Yield and Total Consideration (as defined below) for the principal amount of such Notes accepted for purchase are detailed in the table below.

In addition to the applicable total consideration specified in the table above (the “Total Consideration”) for each $1,000 principal amount of Notes tendered at or prior to the Early Tender Date and accepted for payment, Masco will pay accrued and unpaid interest up to, but not including, June 27, 2017, the expected settlement date, for the Notes tendered at or prior to the Early Tender Date in the Tender Offers. The applicable Total Consideration was calculated in the manner described in the Offer to Purchase by reference to the applicable fixed spread for such Note (the “Fixed Spread”) specified in the table above plus the applicable yield to maturity based on the bid-side price of the applicable U.S. Treasury Reference Security specified in the table above at 11:00 a.m., New York City time, on June 26, 2017. The Total Consideration also includes the applicable early tender payment for each $1,000 principal amount of such Note specified in the table above (the “Early Tender Payment”).

The Tender Offers will expire at 11:59 p.m., New York City time, on July 11, 2017, unless extended or earlier terminated. Because the Tender Offers have been fully subscribed as of the Early Tender Date, holders who tendered Notes after the Early Tender Date will not have any of their Notes accepted for purchase. Any Notes tendered after the Early Tender Date, together with any Notes tendered at or prior to the Early Tender Date but not accepted for purchase by Masco, including Notes not accepted because of proration, will be returned to the holders thereof as described in the Offer to Purchase.

The withdrawal deadline for the Tender Offers was 5:00 p.m., New York City time, on June 23, 2017 (the “Withdrawal Deadline”) and has not been extended. Accordingly, previously tendered Notes and Notes tendered after the Withdrawal Deadline may not be withdrawn, subject to applicable law.

Masco will fund the Tender Offers with the proceeds from the sale of its 3.500% Notes due 2027 and its 4.500% Notes due 2047, which was completed on June 21, 2017, and with cash on hand.

J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as dealer managers for the Tender Offers. D.F. King & Co., Inc. is acting as the tender and information agent for the Tender Offers.

For additional information regarding the terms of the Tender Offers, please contact the dealer managers: J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3424 or RBC Capital Markets, LLC at (877) 381-2099 (toll free) or (212) 618-7822. The Offer to Purchase may be obtained from D.F. King & Co., Inc. by calling toll-free at (866) 796-3441 (bankers and brokers can call collect at (212) 269-5550) or e-mailing mas@dfking.com.

The obligation of Masco to accept any Notes tendered and to pay the consideration for Notes is subject to satisfaction or waiver of certain conditions and other terms set forth solely in the Offer to Purchase.

This news release shall not be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell any of the Notes or any other securities. Masco, subject to applicable law, may amend, extend or terminate the Tender Offers and may postpone the acceptance for purchase of, and payment for, the Notes so tendered. The Tender Offers are not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of Masco, the dealer managers, the information agent or the depositary makes any recommendations as to whether holders of the Notes should tender their Notes pursuant to the Tender Offers.

Headquartered in Livonia, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Masco’s portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. Masco leverages its powerful brands across product categories, sales channels and geographies to create value for its customers and shareholders. For more information about Masco Corporation, visit masco.com.

Cautionary Statements
This news release contains statements about future events and expectations, or forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These projections and statements reflect Masco’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors, including those described in and incorporated by reference into the Offer to Purchase. Masco undertakes no obligation to update the information contained in this news release to reflect subsequently occurring events or circumstances.

]]>
Industry News, Investor Relations, Masco News,2017-06-26T16:18:46+00:00Masco Corporation Announces Upsizing and Early Tender Results of Tender Offershttp://m.masco.com/news/news-stream/masco-corporation-announces-upsizing-and-early-tender-results-of-tender-off
http://m.masco.com/news/news-stream/masco-corporation-announces-upsizing-and-early-tender-results-of-tender-off#When:12:30:39ZLivonia, Mich., (June 26, 2017) — Masco Corporation (NYSE: MAS) (“Masco”) announced today the early tender results of the previously announced cash tender offers (the “Tender Offers”) to purchase up to an aggregate purchase price (each, a “Maximum Series Tender Cap”) for each of the four series of notes issued by Masco (the “Notes”) as shown in the table below. In addition, Masco announced the increase of the Maximum Series Tender Cap for the 6.50% Notes due 2032 as shown in the table below. The Maximum Series Tender Cap for each of the remaining series of Notes remains unchanged.

The Tender Offers are being made pursuant to the terms and conditions set forth in the offer to purchase dated June 12, 2017 (the “Offer to Purchase”).

As of 5:00 p.m., New York City time, on June 23, 2017 (the "Early Tender Date"), as reported by D.F. King & Co., Inc., the tender and information agent for the Tender Offers, the principal amounts of the Notes listed in the table below had been validly tendered and not validly withdrawn.

The applicable total consideration for the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase pursuant to the Tender Offers will be determined in the manner described in the Offer to Purchase at 11:00 a.m., New York City time, on June 26, 2017, including the proration procedures. Holders of such Notes will be eligible to receive the total consideration for any such Notes, including the applicable early tender payment specified in the Offer to Purchase, plus accrued and unpaid interest up to, but not including, June 27, 2017, the expected settlement date of the Notes tendered at or prior to the Early Tender Date, subject to proration.

The Tender Offers will expire at 11:59 p.m., New York City time, on July 11, 2017, unless extended or earlier terminated. Because the Tender Offers have been fully subscribed as of the Early Tender Date, holders who tendered Notes after the Early Tender Date will not have any of their Notes accepted for purchase. Any Notes tendered after the Early Tender Date, together with any Notes tendered at or prior to the Early Tender Date but not accepted for purchase by Masco, including Notes not accepted because of proration, will be returned to the holders thereof as described in the Offer to Purchase.

The withdrawal deadline for the Tender Offers was 5:00 p.m., New York City time, on June 23, 2017 (the “Withdrawal Deadline”) and has not been extended. Accordingly, previously tendered Notes and Notes tendered after the Withdrawal Deadline may not be withdrawn, subject to applicable law.

Masco will fund the Tender Offers with the proceeds from the sale of its 3.500% Notes due 2027 and its 4.500% Notes due 2047, which was completed on June 21, 2017, and with cash on hand.

J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as dealer managers for the Tender Offers. D.F. King & Co., Inc. is acting as the tender and information agent for the Tender Offers.

For additional information regarding the terms of the Tender Offers, please contact the dealer managers: J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3424 or RBC Capital Markets, LLC at (877) 381-2099 (toll free) or (212) 618-7822. The Offer to Purchase may be obtained from D.F. King & Co., Inc. by calling toll-free at (866) 796-3441 (bankers and brokers can call collect at (212) 269-5550) or e-mailing mas@dfking.com.

The obligation of Masco to accept any Notes tendered and to pay the consideration for Notes is subject to satisfaction or waiver of certain conditions and other terms set forth solely in the Offer to Purchase.

This news release shall not be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell any of the Notes or any other securities. Masco, subject to applicable law, may amend, extend or terminate the Tender Offers and may postpone the acceptance for purchase of, and payment for, the Notes so tendered. The Tender Offers are not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of Masco, the dealer managers, the information agent or the depositary makes any recommendations as to whether holders of the Notes should tender their Notes pursuant to the Tender Offers.

Headquartered in Taylor, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Masco’s portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. Masco leverages its powerful brands across product categories, sales channels and geographies to create value for its customers and shareholders. For more information about Masco Corporation, visit masco.com.

Cautionary Statements
This news release contains statements about future events and expectations, or forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These projections and statements reflect Masco’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors, including those described in and incorporated by reference into the Offer to Purchase. Masco undertakes no obligation to update the information contained in this news release to reflect subsequently occurring events or circumstances.

]]>
Investor Relations, Masco News,2017-06-26T12:30:39+00:00Masco Corporation Declares Quarterly Dividendhttp://m.masco.com/news/news-stream/masco-corporation-declares-quarterly-dividend21
http://m.masco.com/news/news-stream/masco-corporation-declares-quarterly-dividend21#When:13:00:08ZTaylor, Mich. (June 22, 2017) — Masco Corporation (NYSE: MAS) announced that its Board of Directors declared a quarterly dividend of $.10 per common share, payable on August 14, 2017, to shareholders of record on July 14, 2017.

Headquartered in Taylor, Mich., Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit masco.com.